NoonTalk Media embarks a new chapter with successful IPO trading debut on SGX Catalist
SINGAPORE, November 22, 2022 – NoonTalk Media Limited (“NoonTalk Media” or the “Company”), a Singapore-based media entertainment company specialising in artiste and talent management, multimedia production and event conceptualisation, made its debut on the Catalist Board of the Singapore Exchange Securities Trading (“SGX-ST”) today, under the ticker symbol “SEJ”.
The Company’s shares reached a high of S$0.24, 9.1% above the IPO price of S$0.22 per share, putting the Group’s market capitalisation at over S$40 million. NoonTalk Media’s IPO of 22 million shares was fully subscribed by investors.
Evolve Capital Advisory Private Limited is the Sponsor, Issue Manager and Co-Placement Agent for the IPO, while CGS-CIMB Securities (Singapore) Pte. Ltd. is the Underwriter and Co-Placement Agent.
With the proceeds raised from the IPO, the Company aims to extend its regional footprint and pursue regional collaborations that add value to its existing services. The additional capital will also enable the Company to represent emerging talents in the wider region, as the Company endeavours to bolster its artiste portfolio. In addition, the Company intends to diversify into synergistic business opportunities by venturing into relevant industries, such as MICE events and concert promoters. Beyond organic growth, the Company is looking to drive long-term growth through strategic investments and acquisitions in production companies that are reshaping the entertainment scene in Southeast Asia.
Commenting on the first day of trading, Mr Dasmond Koh, Executive Director and CEO of NoonTalk Media said, “Our successful debut on the SGX-ST marks a significant milestone for NoonTalk Media. We are deeply heartened by the positive reception from investors as it reflects their confidence in our vision to inspire a vibrant media landscape across Singapore. Our shareholders have shown immense support for our goals and they have continued to believe in our growth potential. As always, we will put forth our best efforts to keep up our passion as we welcome the next chapter in our journey.”
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